Sentences with phrase «second lien bank»

• Purchase non-performing first and second lien bank notes: Non-performing bank notes are bank - originated loans that are no longer performing according to the terms they were written — they're not generating income.

Not exact matches

We invest in countries around the world at all levels of the capital structure — from debt (first lien bank debt, second lien loans and high yield bonds) to undervalued equity.

While housing prices kept rising, aided by increasing buying power facilitated by poorly underwritten loans, the mortgage insurers happily clipped profits; their greatest worry was the banks eating their business through second lien loans.

Whether banks can and will pursue deficiency judgments depends on many factors, including what state the borrower lives in and whether there's a second mortgage or other liens.

Now the bank rep said he had to do an extension for another month to solve the problem about the second lien which is around 30k.

Here's how: Many banks hold second liens on the same properties for which Fannie and Freddie either own the first mortgage or have guaranteed.

With no principal reduction, the banks would have to write off many of those second liens.

A Typical 504 project includes: 1) a loan extended by a commercial bank with a first lien on the asset financed; 2) a second lien loan secured from a CDC with a 100 percent SBA - guaranteed debenture for up to 40 percent of the total cost; and 3) an equity investment of at least 10 percent from the borrower.

Malcolm has extensive experience representing lenders and borrowers in secured and unsecured debt financings, including syndicated senior bank credit facilities, first and second lien financings, asset - based (ABL) credit facilities, mezzanine and other subordinated debt financings, debtor - in - possession financings, public and Rule 144A debt offerings, and convertible debt transactions.

Valerie has extensive experience representing major corporations, financial institutions, hedge funds and private equity sponsors in the acquisition financings, secured and unsecured bank financings, mezzanine financings, second - lien financings, asset - based loans, restructurings and DIP and exit facilities.

Sunlin says the bank's program gives troubled owners «a preapproved solicitation for a short sale» along with proactive processing of all the required steps: «appraisals, review of financials, investor approvals, mortgage insurer approvals, second - lien approvals — all of these can be done while the property is being marketed,» he says, «so when an offer is brought to the table we can do a much quicker turnaround.»

I do not know if the second bank did a title search before they put a lien on the property.

The banks want the first mortgages to be wiped out, leaving the second liens in tact, or at least for them both to share the pain equally.